IDEAS home Printed from https://ideas.repec.org/a/wly/mgtdec/v42y2021i5p1317-1331.html
   My bibliography  Save this article

Gender spillovers from supervisory boards to management boards

Author

Listed:
  • Viktor Bozhinov
  • Jasmin Joecks
  • Katrin Scharfenkamp

Abstract

This study investigates gender spillovers from women on supervisory boards to women on management boards in a two‐tier system with employee codetermination. The supervisory board consists of a nominating committee mainly responsible for the appointment of directors in the management board. By combining similarity attraction theory with power theory, we predict that only female shareholder representatives who serve on the nominating committee drive the positive effect on the presence of women on management boards. The results of the correlated random effects models in a sample of 95 German codetermined and publicly listed companies (2009–2016) confirm the predicted relationship.

Suggested Citation

  • Viktor Bozhinov & Jasmin Joecks & Katrin Scharfenkamp, 2021. "Gender spillovers from supervisory boards to management boards," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 42(5), pages 1317-1331, July.
    • Handle: RePEc:wly:mgtdec:v:42:y:2021:i:5:p:1317-1331
    DOI: 10.1002/mde.3311
    as

    Download full text from publisher

    File URL: https://doi.org/10.1002/mde.3311
    Download Restriction: no
    File URL: https://libkey.io/10.1002/mde.3311?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. repec:diw:diwwrp:dwr8-3-1 is not listed on IDEAS
    2. Manuel Bagues & Mauro Sylos-Labini & Natalia Zinovyeva, 2017. "Does the Gender Composition of Scientific Committees Matter?," American Economic Review, American Economic Association, vol. 107(4), pages 1207-1238, April.
    3. Michelle M. Duguid & Denise Lewin Loyd & Pamela S. Tolbert, 2012. "The Impact of Categorical Status, Numeric Representation, and Work Group Prestige on Preference for Demographically Similar Others: A Value Threat Approach," Organization Science, INFORMS, vol. 23(2), pages 386-401, April.
    4. Jennifer M. Knippen & Wei Shen & Qi Zhu, 2019. "Limited progress? The effect of external pressure for board gender diversity on the increase of female directors," Strategic Management Journal, Wiley Blackwell, vol. 40(7), pages 1123-1150, July.
    5. Guoli Chen & Craig Crossland & Sterling Huang, 2016. "Female board representation and corporate acquisition intensity," Strategic Management Journal, Wiley Blackwell, vol. 37(2), pages 303-313, February.
    6. Henry Udueni, 1999. "Power Dimensions in the Board and Outside Director Independence: Evidence from large industrial UK firms," Corporate Governance: An International Review, Wiley Blackwell, vol. 7(1), pages 62-72, January.
    7. Cathrine Seierstad & Gillian Warner-Søderholm & Mariateresa Torchia & Morten Huse, 2017. "Increasing the Number of Women on Boards: The Role of Actors and Processes," Journal of Business Ethics, Springer, vol. 141(2), pages 289-315, March.
    8. Viktor Bozhinov & Christopher Koch & Thorsten Schank, 2019. "The Second Glass Ceiling: Women’s Role in Supervisory Boards of German Firms," Schmalenbach Business Review, Springer;Schmalenbach-Gesellschaft, vol. 71(3), pages 385-411, August.
    9. Francine D. Blau & Lawrence M. Kahn, 2003. "Understanding International Differences in the Gender Pay Gap," Journal of Labor Economics, University of Chicago Press, vol. 21(1), pages 106-144, January.
    10. Mehdi Nekhili & Hayette Gatfaoui, 2013. "Are Demographic Attributes and Firm Characteristics Drivers of Gender Diversity? Investigating Women’s Positions on French Boards of Directors," Journal of Business Ethics, Springer, vol. 118(2), pages 227-249, December.
    11. Anja Kirsch & Katharina Wrohlich, 2020. "More Women on Supervisory Boards: Increasing Indications that the Effect of the Gender Quota Extends to Executive Boards," DIW Weekly Report, DIW Berlin, German Institute for Economic Research, vol. 10(4/5), pages 44-49.
    12. Morten Huse & Sabina Nielsen & Inger Hagen, 2009. "Women and Employee-Elected Board Members, and Their Contributions to Board Control Tasks," Journal of Business Ethics, Springer, vol. 89(4), pages 581-597, November.
    13. Martin Bugeja & Zoltan Matolcsy & Helen Spiropoulos, 2016. "The Association Between Gender-Diverse Compensation Committees and CEO Compensation," Journal of Business Ethics, Springer, vol. 139(2), pages 375-390, December.
    14. Jiraporn, Pornsit & Singh, Manohar & Lee, Chun I., 2009. "Ineffective corporate governance: Director busyness and board committee memberships," Journal of Banking & Finance, Elsevier, vol. 33(5), pages 819-828, May.
    15. David A. Matsa & Amalia R. Miller, 2011. "Chipping Away at the Glass Ceiling: Gender Spillovers in Corporate Leadership," American Economic Review, American Economic Association, vol. 101(3), pages 635-639, May.
    16. Manuel F. Bagues & Berta Esteve-Volart, 2010. "Can Gender Parity Break the Glass Ceiling? Evidence from a Repeated Randomized Experiment," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 77(4), pages 1301-1328.
    17. James G. Combs & David J. Ketchen & Alexa A. Perryman & Maura S. Donahue, 2007. "The Moderating Effect of CEO Power on the Board Composition–Firm Performance Relationship," Journal of Management Studies, Wiley Blackwell, vol. 44(8), pages 1299-1323, December.
    18. María del Carmen Triana & Toyah L. Miller & Tiffany M. Trzebiatowski, 2014. "The Double-Edged Nature of Board Gender Diversity: Diversity, Firm Performance, and the Power of Women Directors as Predictors of Strategic Change," Organization Science, INFORMS, vol. 25(2), pages 609-632, April.
    19. Elke Holst & Katharina Wrohlich, 2018. "Top-Decision Making Bodies of Large Businesses: Gender Quota for Supervisory Boards Is Effective—Development Is Almost at a Standstill for Executive Boards," DIW Weekly Report, DIW Berlin, German Institute for Economic Research, vol. 8(3), pages 17-31.
    20. Fabrice Galia & Frank Lentz & Sylvain Max & Angela Sutan & Emmanuel Zenou, 2017. "Selecting Board Members: The Impact of Common Knowledge on Gender Diversity – An Experimental Investigation," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 38(6), pages 806-821, September.
    21. Astrid Kunze & Amalia R. Miller, 2017. "Women Helping Women? Evidence from Private Sector Data on Workplace Hierarchies," The Review of Economics and Statistics, MIT Press, vol. 99(5), pages 769-775, December.
    22. Klein, April, 1998. "Firm Performance and Board Committee Structure," Journal of Law and Economics, University of Chicago Press, vol. 41(1), pages 275-303, April.
    23. Jana Oehmichen & Daniel Braun & Michael Wolff & Toru Yoshikawa, 2017. "When Elites Forget Their Duties: The Double‐Edged Sword of Prestigious Directors on Boards," Journal of Management Studies, Wiley Blackwell, vol. 54(7), pages 1050-1078, November.
    24. Christopher Avery & Susan Athey & Peter Zemsky, 2000. "Mentoring and Diversity," American Economic Review, American Economic Association, vol. 90(4), pages 765-786, September.
    25. Abbie G. Oliver & Ryan Krause & John R. Busenbark & Matias Kalm, 2018. "BS in the boardroom: Benevolent sexism and board chair orientations," Strategic Management Journal, Wiley Blackwell, vol. 39(1), pages 113-130, January.
    26. Adams, Renée B. & Ferreira, Daniel, 2009. "Women in the boardroom and their impact on governance and performance," Journal of Financial Economics, Elsevier, vol. 94(2), pages 291-309, November.
    27. Fauver, Larry & Fuerst, Michael E., 2006. "Does good corporate governance include employee representation? Evidence from German corporate boards," Journal of Financial Economics, Elsevier, vol. 82(3), pages 673-710, December.
    28. Shamsul N. Abdullah & Ku Nor Izah Ku Ismail & Lilac Nachum, 2016. "Does having women on boards create value? The impact of societal perceptions and corporate governance in emerging markets," Strategic Management Journal, Wiley Blackwell, vol. 37(3), pages 466-476, March.
    29. Mundlak, Yair, 1978. "On the Pooling of Time Series and Cross Section Data," Econometrica, Econometric Society, vol. 46(1), pages 69-85, January.
    30. Åberg, Carl & Bankewitz, Max & Knockaert, Mirjam, 2019. "Service tasks of board of directors: A literature review and research agenda in an era of new governance practices," European Management Journal, Elsevier, vol. 37(5), pages 648-663.
    31. Kenneth J. Rediker & Anju Seth, 1995. "Boards of directors and substitution effects of alternative governance mechanisms," Strategic Management Journal, Wiley Blackwell, vol. 16(2), pages 85-99.
    32. Jennifer Merluzzi, 2017. "Gender and Negative Network Ties: Exploring Difficult Work Relationships Within and Across Gender," Organization Science, INFORMS, vol. 28(4), pages 636-652, August.
    33. Farrell, Kathleen A. & Hersch, Philip L., 2005. "Additions to corporate boards: the effect of gender," Journal of Corporate Finance, Elsevier, vol. 11(1-2), pages 85-106, March.
    34. Achim Buchwald & Hanna Hottenrott, 2019. "Women on the board and executive tenure," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 40(7), pages 741-760, October.
    35. David A. Matsa & Amalia R. Miller, 2011. "Chipping Away at the Glass Ceiling: Gender Spillovers in Corporate Leadership," American Economic Review, American Economic Association, pages 635-639.
    36. Mingzhu Wang & Elisabeth Kelan, 2013. "The Gender Quota and Female Leadership: Effects of the Norwegian Gender Quota on Board Chairs and CEOs," Journal of Business Ethics, Springer, vol. 117(3), pages 449-466, October.
    37. Nina Smith & Pierpaolo Parrotta, 2018. "Why so Few Women on Boards of Directors? Empirical Evidence from Danish Companies in 1998–2010," Journal of Business Ethics, Springer, vol. 147(2), pages 445-467, January.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Md Arafat Hossain & Elaine Yen Nee Oon, 2022. "Board leadership, board meeting frequency and firm performance in two‐tier boards," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 43(3), pages 862-879, April.
    2. Joanna Tyrowicz & Hubert Drazkowski, 2024. "Gender tokenism in corporate boardrooms in Europe," GRAPE Working Papers 97, GRAPE Group for Research in Applied Economics.
    3. Lara Lesch & Shannon Kerwin & Tim F. Thormann & Pamela Wicker, 2022. "Critical Masses and Gender Diversity in Voluntary Sport Leadership: The Role of Economic and Social State-Level Factors," Sustainability, MDPI, vol. 14(10), pages 1-18, May.
    4. von Essen, Emma & Smith, Nina, 2024. "Do Women on Boards Matter? Network and Spillover Effects on Gender Gaps within Firms," IZA Discussion Papers 17401, Institute of Labor Economics (IZA).
    5. Joanna Tyrowicz & Hubert Drazkowski, 2024. "Implicit gender quota in European boardrooms," GRAPE Working Papers 96, GRAPE Group for Research in Applied Economics.
    6. Eline Schoonjans & Hanna Hottenrott & Achim Buchwald, 2024. "Welcome on Board? Appointment Dynamics of Women as Directors," Journal of Business Ethics, Springer, vol. 192(3), pages 561-589, July.
    7. Alexandra Fedorets & Anna Gibert, 2022. "Lifting Women Up: Gender Quotas and the Advancement of Women on Corporate Boards," Working Papers 1370, Barcelona School of Economics.
    8. Jasmin Joecks & Kerstin Pull & Katrin Scharfenkamp, 2023. "Women directors and firm innovation: The role of women directors' representative function," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 44(2), pages 1203-1214, March.
    9. Lara Lesch & Shannon Kerwin & Pamela Wicker, 2022. "State politics and gender diversity in sport governance," Economics of Governance, Springer, vol. 23(3), pages 385-409, December.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Eline Schoonjans & Hanna Hottenrott & Achim Buchwald, 2024. "Welcome on Board? Appointment Dynamics of Women as Directors," Journal of Business Ethics, Springer, vol. 192(3), pages 561-589, July.
    2. Joanna Tyrowicz & Siri Terjesen & Jakub Mazurek, 2017. "All on board? New evidence on board gender diversity from a large panel of firms," GRAPE Working Papers 5, GRAPE Group for Research in Applied Economics.
    3. Joanna Tyrowicz & Hubert Drazkowski, 2024. "Gender tokenism in corporate boardrooms in Europe," GRAPE Working Papers 97, GRAPE Group for Research in Applied Economics.
    4. Joanna Tyrowicz & Hubert Drazkowski, 2024. "Implicit gender quota in European boardrooms," GRAPE Working Papers 96, GRAPE Group for Research in Applied Economics.
    5. Nguyen, Thi Hong Hanh & Ntim, Collins G. & Malagila, John K., 2020. "Women on corporate boards and corporate financial and non-financial performance: A systematic literature review and future research agenda," International Review of Financial Analysis, Elsevier, vol. 71(C).
    6. Tyrowicz, Joanna & Terjesen, Siri & Mazurek, Jakub, 2020. "All on board? New evidence on board gender diversity from a large panel of European firms," European Management Journal, Elsevier, vol. 38(4), pages 634-645.
    7. Mario Bossler & Alexander Mosthaf & Thorsten Schank, 2020. "Are Female Managers More Likely to Hire More Female Managers? Evidence from Germany," ILR Review, Cornell University, ILR School, vol. 73(3), pages 676-704, May.
    8. von Essen, Emma & Smith, Nina, 2024. "Do Women on Boards Matter? Network and Spillover Effects on Gender Gaps within Firms," IZA Discussion Papers 17401, Institute of Labor Economics (IZA).
    9. Mary Brooke Billings & April Klein & Yanting Crystal Shi, 2022. "Investors’ response to the #MeToo movement: does corporate culture matter?," Review of Accounting Studies, Springer, vol. 27(3), pages 897-937, September.
    10. Xing, Lu & Gonzalez, Angelica & Sila, Vathunyoo, 2021. "Does cooperation among women enhance or impede firm performance?," The British Accounting Review, Elsevier, vol. 53(4).
    11. Xu, Lei & Ou, Amy Y. & Park, Haemin Dennis & Jiang, Han, 2024. "Breaking barriers or maintaining status quo? Female representation in decision-making group of venture capital firms and the funding of woman-led businesses," Journal of Business Venturing, Elsevier, vol. 39(1).
    12. Baron, Justus & Ganglmair, Bernhard & Persico, Nicola & Simcoe, Timothy & Tarantino, Emanuele, 2024. "Representation is not sufficient for selecting gender diversity," Research Policy, Elsevier, vol. 53(6).
    13. Mario Bossler & Alexander Mosthaf & Thorsten Schank, 2016. "More Female Manager Hires through More Female Managers? Evidence from Germany," Working Papers 1618, Gutenberg School of Management and Economics, Johannes Gutenberg-Universität Mainz.
    14. Pallab Kumar Biswas & Larelle Chapple & Helen Roberts & Kevin Stainback, 2023. "Board Gender Diversity and Women in Senior Management," Journal of Business Ethics, Springer, vol. 182(1), pages 177-198, January.
    15. Sule Alan & Corekcioglu & Mustafa Kaba & Matthias Sutter, 2023. "Female Leadership and Workplace Climate," Discussion Paper Series of the Max Planck Institute for Research on Collective Goods 2023_09, Max Planck Institute for Research on Collective Goods.
    16. Pipke, David & Pönitzsch, Gert, 2015. "Effekte der Frauenquote in Aufsichtsräten: Ein Ausblick für Deutschland," Kiel Policy Brief 93, Kiel Institute for the World Economy (IfW Kiel).
    17. Aliza N. Husain & David A. Matsa & Amalia R. Miller, 2023. "Do Male Workers Prefer Male Leaders? An Analysis of Principals’ Effects on Teacher Retention," Journal of Human Resources, University of Wisconsin Press, vol. 58(5), pages 1480-1522.
    18. Shoham, Amir & Lee, Sang Mook & Khan, Zaheer & Tarba, Shlomo Y. & Ahammad, Mohammad Faisal, 2020. "The effect of board gender diversity on cross-listing," Journal of Corporate Finance, Elsevier, vol. 65(C).
    19. Paul B. McGuinness & João Paulo Vieito & Mingzhu Wang, 2020. "Proactive government intervention, board gender balance, and stakeholder engagement in China and Europe," Asia Pacific Journal of Management, Springer, vol. 37(3), pages 719-762, September.
    20. Agata Maida & Andrea Weber, 2022. "Female Leadership and Gender Gap within Firms: Evidence from an Italian Board Reform," ILR Review, Cornell University, ILR School, vol. 75(2), pages 488-515, March.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wly:mgtdec:v:42:y:2021:i:5:p:1317-1331. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: http://www3.interscience.wiley.com/cgi-bin/jhome/7976 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.